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Islamic digital bank to be operational within 2 years, says AEON Credit
KUALA LUMPUR: AEON Credit Service (M) Bhd and its consortium partners have secured an Islamic digital bank licence from the Ministry of Finance (MoF), with operations expected to commence within 24 months from its approval date.
RHB, YTL, AEON Credit among the five winning digital bank licence
KUALA LUMPUR: Bank Negara has announced the five successful applicants for the digital bank licences as approved by the Minister of Finance Malaysia.
Bank Negara issues policy document on digital banks
KUALA LUMPUR: Bank Negara Malaysia has issued a policy document on licensing framework for digital banks following a six-month public consultation.
Maybank Islamic targets 4.25% returns a year with MAIA product
KUALA LUMPUR: Maybank Islamic Bhd is targeting returns of 4.25% per annum for a three-year placement for its Multi-Asset Investment Account-i (MAIA) which was launched on Wednesday.
Bank Negara may issue up to five digital bank licences
PETALING JAYA: In a move to kickstart the innovative application of technology in the financial sector, Bank Negara Malaysia has issued the Exposure Draft on Licensing Framework for Digital Banks.
Should MAA’s selective capital reduction be priced higher?
WHEN it was announced that MAA Group Bhd’s major shareholders were looking to take the company private, investors were, understandably, very enthusiastic.
Should MAA’s selective capital reduction be priced higher?
WHEN it was announced that MAA Group Bhd’s major shareholders were looking to take the company private, investors were, understandably, very enthusiastic.
Hong Leong MSIG Takaful to exit general business
KUALA LUMPUR: Hong Leong MSIG Takaful Bhd (HLMT) will cease to be a composite licensed takaful operator with effect from Sunday, July 1 under 2018 its internal streamlining exercise.
Takaful Malaysia converts its composite licence into single licences
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd (STMB) has announced the conversion of its composite licence into single licences and splitting of the company into two entities to manage the operations of its family and general takaful businesses separately.
Bank Negara: Economy healthier, growth broad based
KUALA LUMPUR: Malaysia's Gross Domestic Product (GDP) figures underscore a trend where the economy is becoming healthier, with growth becoming more broad-based across sectors amid a firm trajectory.
